SymbioSys New Business Automation Software, Contact Now

Overview

SymbioSys New Business significantly enhances new business productivity & quality with comprehensive branch automation. A system for Insurers to strategically respond to changing market & competitive needs through configurable business process flow, robust product configurator evolved based on over 2 decades of global insurance industry experience. It provides information about the process flow bottlenecks to improve the productivity, efficiency and TAT.

Availability:

On Premise

Functional Overview Diagram

Business Challenges

Long turnaround time for policy issuance
High NIGO (Not in good Order) rate
Long time to market for launching new products
Low STP rate
Inconsistency in risk assessments
Inability to adapt to evolving distributor, regulatory demands

Business Drivers

Reduce TAT for policy issuance
Automate Branch and Central Operations to make New Business Operations agile and nimble
Reduce Time to Launch New Product
Seamless and adaptable experience across emerging distribution channels and models

Key Features

Business Agility
High Productivity
Straight Through Processing
Consistency & Accuracy
Discerning Analytics

Business Benefits

High data accuracy and quality – capture of data with all validations controlled by configurators
Reflexive questionnaire and requirements generation based on business rules
Reduced Time to Market for launch/ packaging of New Products
Intelligent workflow driven processing for flexible adaptation, reduced time and cost
Seamlessly integrated auto underwriting for quick decision

Case Study

Excellence is not attained in a day! Our teams have worked beyond expectations to attain in-depth knowledge and offer customized solutions to our clients and partners. We carefully analyse our reach and every strategy to stay true to the time.